SONY Enters the Web3 World!

Welcome 🙏to Joint #16! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

This week was really happening and yes aapko ni idea…but worry not! Web3 Stash Hai na😇 Let's start by having a look at BTC and ETH 👀

Abhi let's dive into some good web3 news and trust me it's fun keep reading😭😭🤌🏻 Today we will be covering the following topics -

1. Google Cloud to make web3 debut🚀

2. Sony enters the web3 world🎊

3. Understanding Cryptography 🤔

4. AlgoBharat to develop web3 talent in India🤌🏻

🚀Google Cloud makes Web3 debut 🚀

Google Cloud has joined forces with a Web3 startup to develop user centric developer tools 🥳 for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world.

The DeFi infrastructure provider Orderly Network🌐 has teamed up with Google Cloud to develop off-chain components of DeFi infrastructure focused on tackling self-custody 🙌and transparency challenges👨‍💻.

Orderly will be a DeFi infrastructure provider, available on Google Cloud Marketplace🤌🌐

With blockchain technology being at the centre of the fintech revolution, many in the financial industry are exploring decentralized technologies.🚀Bole toh future bright🔗🤌

Orderly hopes to distribute the DeFi load into on-chain and off-chain components 🔒to ensure a balance between speed with sufficient decentralization.👀

This distribution would streamline operations without compromising the inherent advantages of a decentralized system ⚒️🌐

These off-chain components will ensure that crucial interactions are carried out on-chain🔗 while interactions that can be efficiently handled off-chain 🔗are processed away from the main blockchain.

DeFi's biggest challenge comes from the entry barrier and the security issues that have plagued the ecosystem for a long time!🤌🤌😭😭😭

With the likes of Google Cloud entering the DeFi infrastructure market with Orderly as its key partner, the collaboration aims to build a secure environment and tools to resolve these issues.🥳✅️🚀

 🎊SONY Enters the Web3 World 🎊

Sony Network Communications, a subsidiary of the $106B multinational conglomerate, is teaming up with Astar Network’s spin-off, Startale Labs, to develop a blockchain.🥳🥳🎊🎊🎊

Sony hopes for the blockchain to become a “backbone of global web3 infrastructure” in addition to hosting blockchain-based offerings from Sony!💰💸💶

They aspire to create a global infrastructure that underpins the Web3 era, driving innovation across existing industries!🌐🔗

The two firms will launch a joint venture called Sony Network Communications Labs later this month. This marks the debut of Sony into the web3 world🙌✅️

Further, Sony and Startale will be working together to launch a web3 incubator focused on DAOs and NFTs, with Startale organizing the initiative. GOOD NEWS🤌😭🤌😭😭

Sony’s blockchain is the latest example of a leading mainstream firm moving to embrace web3 despite the ongoing bear market. Future for web3 is really bright🥳🤌

👉🏻Understanding Cryptography 👈🏻

Cryptography is like a secret code language for computers and data. It's all about keeping information safe and hidden from prying eyes 👀🔒

Here's how it works :

1. 📝Encryption: Imagine you have a message you want to send securely. Encryption is like putting your message in a special locked box 📦🔒. Only someone with the right key can unlock it.

2. 🔑Keys: Think of keys as magic keys 🪄🔑. You need one to lock your message and another to unlock it. One is public for everyone to see, and the other is private for your eyes only.

3. 🤫Secrecy: Cryptography keeps your message safe even if it's traveling over the internet 🌐. If someone intercepts your message, they won't be able to understand it without the right key.

4. 🧩Puzzles: Cryptography also involves complex math puzzles 🧮. Solving these puzzles without the key would take ages, making it super hard for anyone to crack your message.

5. 💻Everyday Uses: Cryptography is used in everyday life, like when you shop online 🛒. It protects your credit card information, so hackers can't steal it.

6. 🔐Security: It's the reason your smartphone and computer are secure. Cryptography ensures your passwords and personal data are safe.

7. 🌐Blockchain: Cryptocurrencies like Bitcoin use cryptography to make transactions secure and transparent.

So, in simple terms, cryptography is like the magic of turning your messages and data into secret codes that only the right people can understand. It's the guardian of your digital secrets! 🌟🔓

I hope this explanation cleared what cryptography is and now I want you guys to share this newsletter within your group and get us some more subscribers!🥺🥺

That's the only fee you guys need to pay for getting many more cool explanations on complicated topics🤌🏻 SUBSCRIBE NOW!

🔗AlgoBharat to develop web3 talent in India 🔗

AlgoBharat, the Algorand Foundation’s India focused initiative, announced the establishment of its India Advisory Committee to support its mission of blockchain adoption to achieve the objectives of a more inclusive economy.🚀🌐

The 6 member committee is expected to be chaired by the visionary RS Sharma, a former civil servant.💯 It is believed that Sharma will help to simplify and improve the administration of government programs.👨‍💻🙏

As the government places a growing emphasis on building a digital infrastructure, blockchain technology.🎊

Has the potential to play a pivotal role in enhancing social equity by improving access to capital, markets, and essential services.🥳🥳🎊🎊

The India Advisory Committee established by AlgoBharat will play a key role in guiding the development of blockchain based solutions to advance the goal of financial inclusion and greater social equity🤗🧿

These initiatives are sure to develop Web3 talent in India 🤌 all this will make sure the next facebook, apple or google comes from India and is backed by Blockchain 🤌🤌🤌😭😭😭✅️✅️

Now, Stay subscribed and ask your Web3 friends too as we will update you on more news as soon as we have some progress 😎

This is what the JOINT #16 had to offer we went from Sony to Cryptography and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #17!!🫂🫂